MFS High Income Municipal Trust (NYSE:CXE - Get Free Report)'s stock price fell 0.7% on Friday . The company traded as low as $3.53 and last traded at $3.56. 63,662 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 78,023 shares. The stock had previously closed at $3.58.
MFS High Income Municipal Trust Price Performance
The stock has a 50-day simple moving average of $3.54 and a two-hundred day simple moving average of $3.63.
MFS High Income Municipal Trust Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.018 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.22 annualized dividend and a dividend yield of 6.08%. This is a positive change from MFS High Income Municipal Trust's previous monthly dividend of $0.02.
Institutional Investors Weigh In On MFS High Income Municipal Trust
Several hedge funds and other institutional investors have recently made changes to their positions in CXE. Raymond James Financial Inc. bought a new position in shares of MFS High Income Municipal Trust during the 4th quarter valued at approximately $321,000. HighTower Advisors LLC boosted its position in shares of MFS High Income Municipal Trust by 70.0% during the 4th quarter. HighTower Advisors LLC now owns 32,531 shares of the company's stock valued at $120,000 after acquiring an additional 13,393 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of MFS High Income Municipal Trust during the 4th quarter valued at approximately $46,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in MFS High Income Municipal Trust by 28.7% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 76,036 shares of the company's stock valued at $280,000 after buying an additional 16,950 shares during the period. Finally, Sit Investment Associates Inc. raised its holdings in MFS High Income Municipal Trust by 1.9% during the 4th quarter. Sit Investment Associates Inc. now owns 620,203 shares of the company's stock valued at $2,282,000 after buying an additional 11,405 shares during the period. Hedge funds and other institutional investors own 34.37% of the company's stock.
MFS High Income Municipal Trust Company Profile
(
Get Free Report)
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.
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